Loading ...I mentioned the possibility of this only being the A of an ABC with the C being lower than the A, just so folks know it is possible. Maddog of course could be right that we have seen the whole correction. Even if not the C can be equal or higher than the A bottom.
The problem is it was imo a manufactured decline probably one that was ripe but not to that degree. If it was a normal EW correction the amount makes it imo a higher degree and could mean a more significant bottom.
I don’t use EW that much because my mind at my age has a problem with the multitude of possibilities. Also if the market is algo or ai driven it changes possibly the human emotion and psychology that EW is based on.
I use chart points that seem important on the way up and the way down to add or lessen.
I would upload a song but Nancy is not a poster anymore (if lurking signal).
aurum